squeak

In the midwest you probably have cows in your backyards and you can fill up any size container you want. Here in bwookwyn, backyards aren’t big enough for cows, so we have to get whatever is in the store. Plus, we have to have it pasteurized- I’m not sure if you guys have heard of that yet.

You are assuming that they aren’t oiver every single click unless something bad comes up but every click is a sakana, the overall lifestyle of using a computer that way is a sakana for something bad to eventually happen. It is a ticking time bomb and therefore you are oiver by putting yourself at its eventual mercy.

Yes, that is what I am assuming. Defining every click as an issur whether or not something bad comes up is exactly what I meant about alienating the klal. The ideal is to achieve safe issur free internet use, and the message needs to be tempered. How about if we make the message say that UNfiltered clicks are sakana chamura, and that once the necessary precautions are taken it is not assur to use the net normally.

I don’t like your comparison to yichud, because yichud itself is an issur derabbonon. Not so using the internet after taking precautions. At least, that is the mesage we need to send out, because making the internet assur has proven to be a severe problem.

To your second point, I have no disagreement. The delay is worthwhile because it is necessary. Slowing down to merge into traffic is not something we complain about either. Just don’t couch the message the way rabbaim did.

Ah, but 2scents- he replies that way about any topic, not just medical ones. Just as he does not have to provide certification of authority when the discussion is about halacha or justice, he does not need to do so for medical topic.

Wasn’t anyone wondering why the sewer pressure increased so dramatically that day?

Nah, I guess I wouldn’t want to know either.

A sudden increase in pressure caused the sewer to blow its lid, sending the covers into the stratosphere. By the time they landed, the earth had rotated and they came down in the Pacific.

So how was the jump 🙂

It is if you’re not wearing one

It’s the coriolis effect. Children in south america jump counter clockwise, whether they are righties or lefties.

think of it-any number multiplied by 9 adds up to 9

IFYP

“he was baal koreh in a good shul during all that time and trampled on the tzibur’s standards without even asking them what they thought about it.”

Interesting. Whom do you think is obligated to inform who? Do the tzibbur’s standards obviously preclude bowling that he should think to ask permission? Or would you say that until the tzibbur expresses a specific standard against bowling, he can bowl without a guilty conscience? I guess it depends what tzibbur, and as you are pretending to be a RBS kanoi it could make sense in your case.

http://www.theyeshivaworld.com/coffeeroom/topic/daven-with-a-hat-beyichidus-or-without-a-hat-with-a-minyan

Sure. No rush, then? You could also summarize it and articulate your questions 🙂

OK so you want to talk about tax treatment of hedging strategies. IANAL, nor a tax expert of any kind so I will have to bow out as soon as it goes there. I would suggest that if you just want to learn about taxation you don’t need to understand too much about how dynamic hedging works, and certainly not the mathematics behind the pricing of the derivatives!

Dynamic hedging is a very expensive way to hedge risk by trying to keep your hedge up to date. Suppose you buy an asset and a put option at the money. You are now hedged against loss. If you keep that until maturity and then sell the asset you have a static hedge. But suppose when the asset price goes up or down you want to lock in your profits/unlock the value of your hedge – you can sell the put and get a new one at the money. That is an example of a dynamic hedge- always updating the hedge to the most recent market information.

Obviously, in real life a dynamic hedging program won’t be implemented for a silly reason like the example I gave. But what else do you need to know? Assume the people running the program have a good reason for the transactions they make. Essentially, the buys and sells in a dynamic hedging program are not individual transactions but pieces of one large transaction. I don’t think it gets treated that way, though, for taxes.

because it seemed like you just wrote the same thing again from the other angle.

No, what we wrote was very different. You said “hedge an asset by selling a certain number of calls and buying a certain amount of debt” and I said, “hedging an option by buying and selling an asset”. Either you are a few steps further down the road and therefore ignoring the basics, or you missed the most basic concept.

First of all, selling calls on the underlying asset doesn’t hedge anything- it justs limits your upside. (Though if you think of it in reverse, i.e. you have sold an uncovered call, buying the underlying asset is is a hedge.) Second, I don’t see how that has anything to do with BSM, which sets prices for derivatives, nothing else.

If you want to talk about dynamic hedging strategies, fine. Just make your question clearer is all I ask 🙂

I’ve waited for your reply, but it’s getting late. Here’s my best guess at what will help you, and next time I check in I can see what you were really looking for.

To make it simple, suppose you bought a call option at the money. If the underlying asset goes up you will get the asset for below market cost, and if it goes down you do nothing. The same thing is achieved by buying the underlying and a put option at the money – if the asset goes up you have the appreciated asset, and if it goes down you sell it for the strike price.

The only difference is the time value of money- you need to borrow money to buy the call in the example, and you need to borrow money in the counter example equal to the price of the asset and the put. That is the debt/bond piece.

If the stock failed overnight you’d lose nothing – if you have a call option nothing at all happens, and if you have the stock plus a put option you can force it on someone else for the strike. You can google put call parity theory if you want to understand the math behind this.

Black Scholes uses this concept, and comes up with the price for the options. Nothing more or less. I don’t think you’ve made it clear what your question is, or what it has to do with BSM, but go ahead and rephrase.

This is not a Jewish Minhag in any way, shape, or form and is without a doubt Assur Min Hatorah.

Were you talking about irony in the other thread? lol

The number syllables, not words, in a particular subtitle represents the level of the member’s intelligence. This is a common Native American naming convention.

Of course, there are exceptions… In fact it is likely that everyone is an exception…

I’m raising my hand over here – my mother only lights two, and has been doing that for as long as I can remember.

Maybe because you are adopted.

I bet secretaries could do stochastic derivative pricing and calculate eigenvectors, if we’d only let them.

No, but it does raise the question.

The gedolim analogized the internet to the television, and riding on the success of past gedolim who banned tv, they decided to ban internet. Anyone who missed the folly in that 15 years ago surely sees it now. The biggest problem now is that people have too much pent up guilt after all these years of “going behind the rabbi’s back”, which has greatly diminished their respect for their leaders. After years of rationalizing that the rabbis are out of touch, it is hard to suddenly do an about face and change their lives drastically at the same time.

I hate to say this, but I will. It also doesn’t help that no one has come out and said, “We were wrong before.” Sometumes an apology goes a long way to restoring respect.

Sorry for the double post. If I get this in during the edit window, I’ll add this to my above.

The rising cost model is at an unsustainable rate. Obviously in a modern economy costs do have to rise over time. However, the rate needs to be contained and in the case of tuition payments- from what I understand – the rate of increase outpaces every possible metric except possibly healthcare costs. This means that it is broken (so is healthcare btw, for the same reason). It may not collapse for a long time, but we are well past the point where we should start lookung for ways to fix the system.

From what I know, the MO schools (e.g. those in Teaneck) have it worst, as their prices are a good few thousand more than the RW schools. Therefore, they are likely to be the pioneers of solutions. The RWers would do well to watch them and even participate in their current problems because what MO is living with now is the future of RW.

And ftr, fed ben fed, it is an unspoken rule in the CR that every topic must go off topic so don’t try to derail a good derailment 🙂

So…. CDOs, SIVs, yeah. Fed, everything about you in this thread screams recent college graduate, young married with kids just starting school. You say you oversaw 4 trillion in securitized debt? And it didn’t occur to you how ridiculous the idea of collateralized tuition payments was? Yeah. So while it might have sounded like fun when you learned about them in school but trust me, in most cases packaging debt is insane.

It makes me wonder what kind of understanding people who study this market in college in the post-financial meltdown world will have. I suppose it’s like every other period in history, it can’t be represented properly except by living through it.

Not everyone. For example, I have always felt that they are three different people.

I thought it was obvious that I meant marry her with kedushin al tinai that she gets spayed.